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China Economic Growth Is Slowest in Decades

Economy Expanded 7.4% in 2014

As China’s growth rate falls to its lowest level in nearly 25 years, The WSJ’s Jacky Wong asks BlackRock’s head of China equities about the challenges China faces in 2015, and the tools officials have to address them.

BEIJING—China’s economic growth slowed to 7.4% in 2014, downshifting to a level not seen in a quarter century and firmly marking the end of a high-growth heyday that buoyed global demand for everything from iron ore to designer handbags.

The slipping momentum in China, which reported economic growth of 7.7% in 2013, has reverberated around the world, sending prices for commodities tumbling and weakening an already soft global...